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tv   Bulls and Bears  FOX News  March 19, 2011 10:00am-10:30am EDT

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>> clayton: welcome back to "fox & friends." student for fox news channel -- >> this is a fox news channel special presentation. coming whack from -- back from the brink. neil cavuto. >> neil: now it is in the water and in the food. radiation from japan is spreading and financial fallout is unfolding. all this on the same exact day that lib libya's exploding. fighter jet shot down. global leaders in paris right now hunk cerg down. what to do about a crackpot in the middle east amid all these worries escalating well, in the far east. you name it, we are on it. a world on the brink.
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but as we are here to remind you these next two hours a world not broken shall we just say shaken and for the moment very much stirred here what is stirring now. japan is halt the sales of all food products within an area up to 50 miles from that fukushima nuclear power plant. this after contaminated milk and spinach started popping up in nearby and actually not so nearby towns and cities. moments later word of tainted tap water in tokyo more than 140 miles from that plant and several other areas, some even further. reason enough for the u.s. food and drug administration to announce moments ago that it is stepping up good inspections of all japanese imimportance. -- imports little a day after italy banned such imports. other countries considering doing the same. to david piper in tokyo on fast moving developments and food scare taking hold. david, what can you tell us?
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>> yes, radioactive eye dean has been found in the tap water in tokyo. and japanese authorities say at this time it is within acceptable levels. also as you said at that fukushima plant food produce grown there such as spinach and milk unacceptable levels and that has been banned from sales across japan. despite all this terrible news, there has been one positive development up at that fukushima nuclear plant. the engineers say they finally managed to get a half a mile long power cable up to that nuclear plant and attached to it now. now, that is crucial. if they can get the power running again at that plant, it could get those water pumps moving again and perhaps getting the cooling systems. at this time they are hoping to get the number two reactor back on line. those cooling systems there. and that will help.
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they are also trying to achieve that later in the day. perhaps tomorrow at one other reactor there. the crucial one at this time is the number three reactor because that is plutonium based. that has a much longer half life. and is much more dangerous to the japanese population in the future because of the medical complications that can bring. now, the japanese government spokesman has said that they are targeting that plant in particular for action. also speaking at this time there -- the u.n. atomic energy agency says they say the conditions at the plants are grave, but not deteriorating rapidly. now, the japanese government has said they weren't -- they didn't act swiftly to deal with the situation. but they are trying to now. one senior official at tokyo electric power came on tv earlier today and he was crying on the news. but they do say they seem to have the situation at least
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under control at this time. but there is also the danger, of course, of that nuclear meltdown. they are still holding back that last final card where they will dump concrete and sand on that plant if there is some kind of nuclear reaction. you know, getting back to the relief operation, massive efforts still underway. 50,000 u.s. military personnel are involving troops. get food and particularly kerosene up in the northeast, because they are frightening cold at this time because of these sublevel temperatures. back to you, neil. >> neil: thank you very much. david piper in tokyo. you are going to hear a lot by the way of this perfecter again and again here. the best way to define it is sort of like a town, 47 such perfecters or towns: this perfecter that they are talking
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about where they are no longer going to be accepting food from is around the fukushima plant. so nothing is accepted that comes out of that town, that jurisdiction. if they spread that beyond that region, beyond that perfecter, if you will, and keep in mind there are 46 others that's when it gets to be a big scare. so, again, we will keep you posted on that. that's the terminology you are going to hear probably a lot of this morning. we just want to keep you up to date. meanwhile on the phone with us now former health and human services secretary tommy thompson, secretary governor, good to have you. first off, before i get to some other developments, this food and drug administration step up on these inspections a good idea? >> absolutely. you know, i have always believed that food and drug administration needs to increase and improve their food inspections. it's something i was talking about when i left the department of health and human services. i continued to say that.
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only inspect approximately 1% of all the food coming into the united states. shipments. that needs to be improved. i applaud the fact that they are doing that i also want to in addition to add i don't think people have to worry about the food that has been grown and has been produced in japan in the fukushima area at the present time. as well as the inspections go on, i think americans are absolutely safe. >> neil: you know, to that point, when italy banned all such imports, is that an overreaction? does it present more angst than the one it is supposedly trying to solve? >> oh, i think so, neil. i think you inspect food and it's easy to detect. sometimes easier than others. but can you detect food. you can also detect radioactive food aened you should do that.
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you shouldn't just ban it outright. because, as you have indicated the fukushima area is only one of a small area in a large country. there is something like 45 to 47 prefecketters in japan. this effects one. i think overreaction is there when you say all foods coming out of japan are going to be banned. i think that just hurts japan even more than what it's being hurt right now and i don't think it's necessary. >> neil: do you think it's going to give america pause that almost anything coming out of that country, fairly or not, a lot of it is not? >> you know, there is the mystic about radiation. there is no question about it. it's something that we don't understand completely or a lot of us don't. i think any time you talk about radiation it sends up the antennas. you are right. it will certainly make people somewhat cautious. i want people to understand that they should not overreact.
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we're a long ways away from any emissions of radiation and i'm absolutely certain that the food that we have in the united states is absolutely safe. >> neil: secretary, if i can remind folks of the other hat you once wore and that was as governor of wisconsin. you know what's going on and you know where judge has effectively stymied your republican successor's attempt to sort of reign in unions. and i'm wondering what you make of that and whether -- the whole state is sort of breaking down here. what do you say? >> no, it is not. i mean, wisconsin is in the news a lot. but wisconsin is still a great state. and it's still is working very well. and the truth of the matter is, this is a temporary setback and there is no question it's going to be rectified. it's going to be appealed on monday. i'm fairly certain the appellate court will say that the circuit
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judge really didn't have the constitutional authority to put a temporary restraining order on a ministerial act, which is the secretary of state publishing the law. there has been supreme court decisions i think on at least two that have indicated that even if there has been some violations or some missteps by the legislative process, it's up to the legislative branch, not the judicial branch to correct it. so i'm fairly certain on appeal that this thing is going to be corrected and i think the circuit judge is not going to be confirmed. >> neil: i knew we could hit you with everything this morning, governor and you didn't let us down. thank you very, very much. i appreciate it? >> thank you. it's always a pleasure to be with you, neil. thank you. >> neil: the former health and human services secretary tommy thompson. military action is being planned to take qaddafi's forces out. rick leventhal in eastern libya with the very latest. rick, you have had a slightly
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busy day. >> we have, indeed, neil. we woke up in a war zone. benghazi invaded by qaddafi's armies and tanks. he had told everyone that his army was outside the city limits but did not plan to enter. he told the world he would cease-fire. we witnessed firsthand that cease-fire does not exist. qaddafi's stanks spotted one side of a bridge you may be able to see in the video far end right side of your screen at the base of that bridge. another tank driven by opposition forces comes towards the camera. then eventually turns around, repositions and fires back at those tanks. we washed shells land very close to our hotel and earlier our photographer rich harlow went up on the roof and actually shot a video of a plane that was hit by antiaircraft fire and hit and headed straight down into a residential neighborhood in the south part of that city. the plane crashed in a ball of
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fire a human plume of smoke on the horizon. other targets smoking on the horizon as the shells continue to reign. in the journalists in that hotel packed up. because it was in the line of fire. and so did many of the 1 million residents of bernanke -- benghazi. they hit the one safe passage out of that city. many of the opposition firefighters remained mind, dug in with armored positions. they have some tanks of their own, antiaircraft weapons. returning fire and battling. it's hard to say what's happening at this very hour in bernanke benghazi. many people did leave. some journalists, people we have spoken at this gas station have left benghazi. pulled back it was a technical operation, they opened fire on the city and have pulled back. we can't confirm that at this hour. we are also hearing reports of dozens of people killed and dozens more wounded today alone in this fighting in benghazi, which is a strong hold of the
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opposition. again, muammar qaddafi not observe ago cease-fire. bringing his tanks into benghazi libyans second largest city today and opening fire. apparently neil on civilians as well as rebel fighters. >> neil: i know it's hard to play this and all, did qaddafi try to fool the u.n. i am not going to attack i am going to attack and try to suck them in or what. >> what we have seen, neil over the past 10 days is qaddafi saying one thing and his troops doing another. when he said there was a cease-fire yesterday, from our reports the attacks actually increased. more shellings. more killings attacks directly on fire positions and civilians after qaddafi declared a cease-fire. again, last night qaddafi's people said that they had troops outside of the city but would not enter the city. and, in fact, this morning they did just that clearly, he is thumbing his nose at the u.n.
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thumbing his nose at the international community, telling them one thing and doing something entirely different. >> neil: rick, be safe. you are remarkably calm and cool guy in the face of this. i would be like barney fyffe running around in the middle of this. you are amazing. rick leventhal in libya here. in the meantime, they strike, you pay, just how bad is this going to get? oil giant pickens is next with the pain at the pump. than the book. you need website develoent, 1-on-1 marketing advice, search-engine marketing, and direct mail. yellowbook's got all of that. yellowbook360's got a whole spectrum of tools. tools that are going to spark some real connections. visit and go beyond yellow. is a powerful force.
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>> all right. well, first the strikes and the surge to power as world leaders are meeting right now. and the a coordinated response to libya and colonel moammar gadhafi. oil tycoon boon pickens joins me on the phone. you know this far better than i, but normally on fears of markets run-up and when the fears ease he they come back down. the markets were all over the map this week when it looked
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like gadhafi was going to go nuts and went crazy when it looked like he calmed down. >> neil, you've got it right. it's kind of like a yo-yo and they're watching everything he says and everything everybody says. and, but i think, you know, where you are, i'd like it look at the big picture if i could just for a second. >> neil: sure. >> okay, i'm-- have real concerns whether, you know, they talk about our demand in the fourth quarter is going to be 90 million a day. in the first two months of this year, january, february, our supply was 88.8 and our demand was, i think, 89.3. so you are so close with supply and demand, that that is going to cause you the price to go up. it doesn't make any difference what gadhafi does. so when you pull, when you pull that one 6 million barrels a day out of the market every day, libyan crude
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and that's very high quality crude, that's light sweet crude, not to be easily replaced by arab crude-- excuse me, saudi crude. so, these things are tighter than just some in the desert shooting these people. there's more to it than that and if you're -- whatever happens in libya, you're still going to have an extremely tight oil market. >> neil: i talked to john hudson, senior of the petrol chemical billionaire yesterday, boone. and he says he suspects speculators in the open market are sort of taking advantage of this and sort of gunning this, what do you make of had a? >> i don't know, you have to have a counterpart for every commodity trade. so, when -- if i'm in there long oil and the price runs up, somebody is buying, but
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somebody is selling. so, there has to be two parties to every transaction here, you can't just go in and buy without a counterpart. >> neil: well, let's get this environment here, and this country doesn't really have a coherent energy policy, it doesn't have an energy policy period and this has been one thing that a lot of leaders have criticized including earlier this week, donald trump with me when he brought up your name. i want you to listen to this. >> we have no energy policy and i listen to guys like boone pickens, good guy and others, and they keep saying the same thing over and over and over again, and it's common sense in the politicians just don't listen. >> neil: and they still don't listen. what do you think of that? >> well, they do listen. and i've-- legislation is being written in the house and i've had meetings with speaker boehner and john stallson and dan
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bourne, the two congressmen writing that legislation and i think you're going to see it here in 30 days. so, we're going to do something. we're going to do something. you're exactly right, you get down to a point where they say what are the pay for? it's like me saying, well, the army, we're gonna -- they need an army. what's the pay force for the army? nobody asks that, you've got to have an army and you've got to have an energy plan and it's an absolute security issue and -- but what i'm asking for on this first bill is a natural gas act and it starts to move natural gas into transportation. >> neil: all right. >> is what, real simple, and it's on the 18-wheelers is what it's on. and if we could get the 8 million 18-wheelers, it's going to take a while to do it. >> neil: we can do it as a result. thank you, i wish we had more
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time, boone. i want to get people up-to-date. the french war planes have entered libyan air space moments ago, via the arabic news channel, el arabia and heard that moammar gadhafi stepped up attacks on civilians. the situation in libya quickly accelerating. we're there, we're next with more.
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>> well, hundreds of more hurons-- of americans are fleeing japan, and why is my next guest heading for japan. the aflac to insure the property, but to help the life insurer and the rest. dan, you're heading there.
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what's the latest you're hearing from there? >> well, tokoyo seems to be pretty safe, i mean, we heard about the water, but we've heard that's not a major concern at this particular point. we also know about some of the food issues, but they've cooled it, it's in the 50 mile area. so, right now it's still up in the air, but i feel it's important that i go over there and find out what's taking place from our standpoint. >> neil: now, you've already committed better than a million dollars upfront to help the japanese, but now comes the tough business dealings of compensating those who either lost their lives and the families of those victims, but for the families of those victims they might never find the victim so how do you do with that? >> well, there is a way that they register in japan and that registry will tell us if these people are missing. and if they're missing in the area of the quake, then we
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would just pay the claims accordingly. >> neil: all right, but it could be thousands of them. >> well, and in fact, we insure one out of four households so we know there will be quite a few claims, but we have 20 million policies in force, so as it relates to the overall numbers it's still relatively small. you hear now that the number is somewhere around 12,000. even if you double it at 24,000, and then you assume we insure one out of four of the population, you get back to 6,000 claims out of 20 million, yes, that's a lot of money, it's a lot of claims, but, now is the time that we need as a company to be there for these people. because they've been paying the premiums and for accident or any injuries that they have or deaths we want to be there for them and that's one of the reasons i'm going over there is-- >> no, no, i understand. i did want to just ask you, if
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you were the guy who was behind the firing of the guy who joked about this, your aflac spokesperson, gilbert toed fri. >>-- gilbert godfrey. >> the staff brought it to me and it's a time we made a donation of 100 million yen or and we have a campaign in japan we have the wristbands that say together, meaning the u.s. and japan that we're raising money by selling these that we started and to have a spokesperson all of a sudden tell inappropriate jokes, i do not think is in the best interest, nor sends the message that we want as a company. >> neil: and no chance of hiring him back? >> no. >> neil: all right. dan, thank you very much. and the aflac ceo is on his way to tokoyo, thank you, dan, very, very much. >> thank you, neil. two things to save your money
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right now. the middle east violence and japan. look at the week's markets, stocks up one day when the news turns positive, down when it looks bad. to dick, the guy who led us back after the 9/11 attacks, led the financial community back. you know, tokoyo could be facing the same sort of pressure right now shall the former big board chairman, dick grasso right now. it's been a bumpy task for tokoyo, hasn't it? >> it's a real tragedy, it's human and we all open our hearts and hopefully our wallets to help the people of japan. >> neil: a lot of us aren't opening our wallets, think they're rich and don't need it. >> i think that that's been overstated. look, in a tragedy, such as this, you have to extend and this is the country that comes to the aid of those who need, assistan assistance, he so i would say that americans are digging deeply into their hearts and wallets right now. >> they clearly are. let me ask you about the
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tokoyo exchange and not to get to gobbledy gook. think of the drubbing, do you think they should have delayed opening, such as you did, of course you technically couldn't open after 9/11. >> i think they did the right thing, neil. we had a different challenge on 9/11. the infrastructure in lower manhattan was literally out of commission even though the stocks exchange wasn't hit, all the buildings around us lost power, lost connecttivity with the can't, not with their branch office, they, the broker-dealers and most importantly those four days that we were closed we were on a rescue mission and hopefully to find more people living in that pile of debris than ultimately were found. >> it did give people a time to catch their breath. and did selloff.


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